something like that 😁

The time has come to create your own nuclear weapon 🔥

$XRP price is up today, mirroring upside moves elsewhere in the cryptoсurrency market.

Things to know:

XRP’s price has jumped by around 3% on Feb. 11, on course to record its best intraday performance in over a week.

The gains appear as chances of an XRP-specific exchange-traded fund (ETF) approval in the US increase.

Ripple’s partnership with Unicâmbio supports XRP’s upside.

Increasing XRP ETF approval odds fuel speculation

XRP price trades in a second straight bullish session on the daily chart as analysts see an increasing likelihood of XRP ETF filings receiving a green light from the US Securities and Exchange Commission (SEC).

Key points:

On Feb. 10, Bloomberg ETF analysts Eric Balchunas and James Seyffart included XRP among their list of the most likely crypto ETF filings to receive approval from the SEC.

XRP ETFs hold a 65% chance of approval, according to their Monday post on X.

Several asset managers, including CoinShares, Grayscale, 21Shares, Canary, and Bitwise, have already filed applications for XRP spot ETFs.

This signals strong institutional interest.

However, the SEC has yet to acknowledge the filings.

XRP ETFs could pull off an impressive performance if approved, and the increasing possibility of this happening has sparked speculation, as evidenced by the altcoin’s derivatives market.

Open interest in XRP futures increased by approximately $290 million over the last 24 hours,

This indicates that more traders are opening leveraged positions on XRP, likely anticipating big price moves.

XRP’s funding rates—periodic payments exchanged between long and short traders in perpetual futures contracts to keep prices aligned with the spot market—turned positive.

This shift suggests that traders are paying to take long positions or betting on a price increase.

$BTC

After a recent market downturn, Bitcoin dipped to the critical $90K support level before rebounding swiftly above the 100-day moving average at $94K. This movement suggests a phase of market stabilization, likely shaking out over-leveraged futures positions and setting the stage for renewed buying pressure. Currently, BTC is demonstrating signs of recovery at this crucial moving average.

However, price action remains constrained between the 100-day MA and the middle trendline of the ascending channel, making an impending breakout likely. If BTC successfully clears this key resistance, a push toward the $108K swing high could follow. Otherwise, further consolidation and fluctuations should be expected.

On the lower timeframe, Bitcoin’s sharp rebound from the $90K support zone highlights strong demand at this critical price level, which has acted as a firm defense line for bulls over the past few months. However, the asset is currently hovering near the $94K region, aligning with the 100-day MA.

In the mid-term, an upward retracement is expected, potentially setting the stage for a new all-time high, though temporary corrections and consolidations may occur along the way. Broadly speaking, Bitcoin remains confined between the $108K static resistance and the dynamic lower boundary of the ascending channel at $92K, with a decisive breakout dictating the next major trend direction.
During Bitcoin’s bullish cycles, one of the key drivers fueling price surges has been the reduction in available supply. This trend is clearly reflected in the exchange reserve chart, which tracks the amount of BTC held on trading platforms.

Bitcoin’s exchange reserves have been on an aggressive decline, signaling an accumulation phase by investors. This suggests that market participants are withdrawing their BTC from exchanges and moving them into self-custody, reducing the circulating supply available for trading.

Given that exchange reserves serve as a supply-side indicator, this persistent decline could contribute to further price appreciation in the coming weeks.

$BTC
Data from Cointelegraph Markets Pro and TradingView confirms that on Jan. 31, Bitcoin closed its latest monthly candle at $102,400 on Bitstamp.

The move came despite a last-minute BTC price drop due to macroeconomic volatility and gave bulls their first close above the $100,000 mark.

Risk assets tumbled during the Wall Street trading session after US President Donald Trump confirmed that tariffs on Canada, Mexico and China would come into existence on Feb. 1.

After initially rising, US stocks ended the day down, while sentiment suffered, per data from the traditional and crypto-based Fear & Greed Index.

Reacting, however, market commentators saw little reason for bearish posturing.

“At every 1% correction, panic and crash forecasts is not characteristics of a market top. IMO,” popular analyst Aksel Kibar wrote in a post on X.

“A market top is accompanied by euphoria, disbelief in even a short-term correction.”
Crypto trader, analyst and entrepreneur Michaël van de Poppe was equally confident in the longer-term picture.

“I shouldn’t worry about this news, ultimately it will lead to higher crypto prices anyways,” he told X followers.

#BTC/USDT. thus ended January up 9.3% — a mixed result compared to historical price behavior, per data from monitoring resource CoinGlass.

February, however, is well known as being traditionally one of Bitcoin’s best-performing months, with average gains of 14.4%. A repeat would see the next monthly close come in at around $117,000.

“This time, it’s a post-halving February as well, and every previous one saw major upside,” Fedor Matviiv, founder and CEO of crypto industry research and analytics platform CryptoRank, wrote on X while discussing the topic.

Popular trader and analyst Rekt Capital noted that “8 out of the past 12 February's dating back to 2013 have produced double-digit upside.”

Another X post earlier in the week agreed that post-halving years produce strong February price performance.

$BTC

Web3 infrastructure provider Elastos has closed a $20-million investment round as part of a broader push to bring more decentralized finance (DeFi) services to the Bitcoin Elastos is one of several companies looking to bring DeFi functionality to the Bitcoin network. Some of the more established players in the space are layer-2 solutions Stacks, RSK and Babylon, which already host Bitcoin-native ecosystems.

Meanwhile, crypto exchange Binance has also expanded its Bitcoin DeFi offerings by announcing BTC staking with Babylon.

As of Jan. 30, Bitcoin’s total value locked, or the total value of BTC held on DeFi applications, exceeds $7.2 billion, according to DefiLlama.

Demand for Bitcoin-centric financial services appears to be growing following the approval of spot BTC exchange-traded funds (ETFs) in early 2024.

The US Bitcoin ETFs currently hold more than $124 billion in net assets, according to CoinGlass. After a brief lull, ETF buying pressure roared back in early January, largely in anticipation of a pro-crypto Trump administration.

A changing of the guard at the US Securities and Exchange Commission with the nomination of pro-crypto Paul Atkins to chair is also expected to bode well for the industry by encouraging more investors into the space. Greater regulatory clarity could give investors more confidence to deploy their assets across DeFi applications.

The growing institutionalization of Bitcoin will enable “novel DeFi strategies [to] emerge across the risk curve with Bitcoin as a collateral asset,” Jacob Phillips, co-founder of BTC staking protocol Lombard, told Cointelegraph.

$BTC
Bitcoin bulls sought to avert fresh $100,000 retests on Jan. 29 as markets awaited the US Federal Reserve’s interest rate move.
Data from Cointelegraph Markets Pro and TradingView showed $102,000 remaining a BTC price focus into the Wall Street open.

Modest volatility within a tight range saw Btc with the demands of US President Donald Trump.

“I’ll demand that interest rates drop immediately,” Trump said during a virtual address at the World Economic Forum in Davos, Switzerland on Jan. 23. He later vowed to “put in a strong statement” with the Fed on the topic, confirming he expected that officials would listen.

“FOMC day today. Market on edge about whether or not we’ll see a rate cut or not - but Trump was very clear,” popular crypto trader Jelle commented in an X post on the day.

The latest estimates from CME Group’s FedWatch Tool nonetheless show that market odds remain almost unanimously skewed toward a pause in rate cuts, which began in Q3 last year.

This, combined with the prospect of fewer cuts in 2025, previously pressured crypto and risk assets.

“We expect no Fed rate cut or hike, with the Fed Funds rate remaining at 4.25%-4.50%,” trading resource The Kobeissi Letter said to X followers.

$ETH
Ethereum’s price went through a frustrating correction at the start of the week. However, things could change soon, and a rebound might occur in the coming weeks.

On the daily chart, the asset has been making lower highs and lows since getting rejected from the $4,000 resistance level. The $3,500 level has also been lost and has turned into resistance.

At the moment, the market is testing the key $3,000 support level and the 200-day moving average, located around the same price mark. This is a significantly strong and critical level that could initiate a rebound for ETH. Yet, note that a breakdown could lead to catastrophic results, as it would indicate a complete bearish reversal.

The 4-Hour Chart

The 4-hour chart demonstrates an interesting picture of the recent ETH price action. During the recent decline, the asset has created a falling wedge pattern, which can be a bullish reversal pattern if it gets broken to the upside.

With the price seemingly rebounding from the $3,000 level at the moment, if a bullish breakout occurs, the market could officially begin a new rally by rising back toward the $4,000 area in the short term.

$BTC
Bitcoin has experienced a rollercoaster start to the week, briefly dipping below the $100,000 mark in the early hours of Monday before recovering slightly. This correction came after Bitcoin achieved a new all-time high above $109,000 last week, marking a milestone in the cryptocurrency’s ongoing bull run.

At the time of writing, Bitcoin’s price has climbed back above $100,000, leaving investors speculating whether the asset will resume its upward trajectory or enter a prolonged consolidation phase.

Amid this, Burak Kesmeci, a contributor to CryptoQuant’s QuickTake Platform. Kesmeci recently highlighted intriguing trends in Bitcoin’s trading volume on Binance, suggesting that current selling pressure may be “easing.”

Taker Sell Volume Shows Signs of Stabilization

Kesmeci’s analysis focuses on the Taker Sell Volume metric on Binance, which has shown a noticeable uptick in recent sessions. Historically, Taker Sell Volume spikes have signaled heightened selling activity, eventually giving way to buying momentum.

Kesmeci notes that these episodes often coincide with local bottoms as sell orders are completed and new buy orders start to flow in. However, in the past week, hourly data shows a pattern of lower highs in Taker Sell Volume, indicating a gradual decline in selling pressure.

#MarketPullback
What Is a Pullback?
A pullback is a brief decline or pause in a generally upward price trend of a stock or other asset. Investors who are confident that the pullback will be brief use it as a buying opportunity. A pullback can occur for many reasons, some of which are unrelated to the fundamentals of the stock.

Technical analysts, who track the price movements of stocks to establish trends, identify the "support level," or lowest price that a stock is likely to reach before buyers step back in.
A pullback is similar to a retracement or consolidation, and the terms are sometimes used interchangeably. The term pullback is usually applied to short-lived price declines—only a few consecutive sessions—before the uptrend resumes.

Pullbacks are widely seen as buying opportunities if the stock has been showing a generally upward price movement.

For example, many stocks experience a significant increase after a positive earnings announcement, followed by a sharp pullback as traders sell shares to take profits. Others step in to buy, seeing the positive earnings as a fundamental signal that the stock will resume its uptrend.

#USConsumerConfidence
Consumer sentiment fell for the first time in six months, according to the final January report for the Michigan Consumer Sentiment Index, coming in at 71.1. The index dropped 2.9 points (-3.9%) from December's final reading to 74.0 and is down 10.0% compared to one year ago. The latest reading was lower than the 73.2 forecast.

The Michigan Consumer Sentiment Index is a monthly survey of consumer confidence levels in the U.S. with regards to the economy, personal finances, business conditions, and buying conditions, conducted by the University of Michigan. There are two reports released each month; a preliminary report released mid-month and a final report released at the end of the month.

Joanne Hsu, the director of surveys, made the following comments:

Consumer sentiment fell for the first time in six months, edging down 4% from December. While assessments of personal finances inched up for the fifth consecutive month, all other index components pulled back. Indeed, sentiment declines were broad based and seen across incomes, wealth, and age groups. Buying conditions for durables softened but remained about 30% better than six months ago amid persistent views that purchasing now would avoid future price increases. Despite reporting stronger incomes this month, concerns about unemployment rose; about 47% of consumers expect unemployment to rise in the year ahead, the highest since the pandemic recession.

#USConsumerConfidence
Consumer sentiment fell for the first time in six months, according to the final January report for the Michigan Consumer Sentiment Index, coming in at 71.1. The index dropped 2.9 points (-3.9%) from December's final reading to 74.0 and is down 10.0% compared to one year ago. The latest reading was lower than the 73.2 forecast.

The Michigan Consumer Sentiment Index is a monthly survey of consumer confidence levels in the U.S. with regards to the economy, personal finances, business conditions, and buying conditions, conducted by the University of Michigan. There are two reports released each month; a preliminary report released mid-month and a final report released at the end of the month.

Joanne Hsu, the director of surveys, made the following comments:

Consumer sentiment fell for the first time in six months, edging down 4% from December. While assessments of personal finances inched up for the fifth consecutive month, all other index components pulled back. Indeed, sentiment declines were broad based and seen across incomes, wealth, and age groups. Buying conditions for durables softened but remained about 30% better than six months ago amid persistent views that purchasing now would avoid future price increases. Despite reporting stronger incomes this month, concerns about unemployment rose; about 47% of consumers expect unemployment to rise in the year ahead, the highest since the pandemic recession.

#USConsumerConfidence
The consumer confidence index measured by the University of Michigan in the US fell to 73.2 in January, below market expectations.

The university announced that the consumer confidence index decreased by 0.8 points in January compared to last month.

The consumer confidence index, which was realized below market expectations, was estimated to take the value of 74 in this period, as it was last month.

The current economic conditions index, which measures Americans' assessment of current financial conditions, increased by 2.8 points on a monthly basis to 77.9 in January.

The consumer expectations index, which reflects the long-term forecasts of consumers, decreased by 3.1 points to 70.2 in the same period.

Consumers' short-term inflation expectations rose from 2.8% to 3.3% in January, reaching their highest level since May 2024, while long-term inflation expectations rose from 3% to 3.3%.

#USConsumerConfidence
The consumer confidence index measured by the University of Michigan in the US fell to 73.2 in January, below market expectations.

The university announced that the consumer confidence index decreased by 0.8 points in January compared to last month.

The consumer confidence index, which was realized below market expectations, was estimated to take the value of 74 in this period, as it was last month.

The current economic conditions index, which measures Americans' assessment of current financial conditions, increased by 2.8 points on a monthly basis to 77.9 in January.

The consumer expectations index, which reflects the long-term forecasts of consumers, decreased by 3.1 points to 70.2 in the same period.

Consumers' short-term inflation expectations rose from 2.8% to 3.3% in January, reaching their highest level since May 2024, while long-term inflation expectations rose from 3% to 3.3%.

$BNB
BNB Foundation has officially announced that BNB Chain has completed its 30th quarterly BNB token burn, with a total of 1,634,200 BNB destroyed.

In an official blog post, BNB Chain gives a breakdown of this figure. The total of 1,634,200 BNB includes two components: the actual burn on-chain for this quarterly auto burn (which is auto burn - pioneer burn) was 1,524,200.95 BNB, while BNB burned in the pioneer burn was given as 110,000 BNB. The estimated value in USD for the burn at the time of completion was $1.16 billion.

BNB Foundation has officially announced that BNB Chain has completed its 30th quarterly BNB token burn, with a total of 1,634,200 BNB destroyed.

In an official blog post, BNB Chain gives a breakdown of this figure. The total of 1,634,200 BNB includes two components: the actual burn on-chain for this quarterly auto burn (which is auto burn - pioneer burn) was 1,524,200.95 BNB, while BNB burned in the pioneer burn was given as 110,000 BNB. The estimated value in USD for the burn at the time of completion was $1.16 billion.

To facilitate the BNB Fusion, the BNB Beacon Chain validators left a total of 110,000 BNB of their self-staked BNB on the Beacon Chain, which is no longer recoverable. This amount can be considered burned, and validators are compensated under the Pioneer Burn Program.

The remaining amount to be burned is currently 42,465,780.15 BNB, with the remaining total supply given as 142,465,780.15 BNB.

BNB is the native coin of the BNB Chain ecosystem, which powers its multidimensional Web3 environment. It can handle transactions on the BNB Smart Chain (BSC), opBNB L2s and BNB Greenfield blockchains. Aside from transaction fees, BNB functions as a governance token, allowing holders to participate in the BNB Chain's decentralized on-chain governance.

Following its mainnet launch on April 18, 2019, BNB moved from the Ethereum Network to the BNB Chain. BNB uses an auto burn system that operates independently of Binance centralized exchange to gradually lower its total supply to 100,000,000 BNB

$ETH
For people who have both ETH and XRP, this is an interesting chart (mostly for fun, I don’t trade on it). ETH has gone down by about 84%(!!!) against XRP in a very short time and is now almost at the bottom of a channel (still about 10% drop to go). After that it will become clear which way ETH/XRP will go… I expect it to go up again (ETH has been lagging for a while).
It looks a bit like it is repeating the situation of December 2017, where it went down by about 87% in 2 weeks. If I apply 87% drop from July 2024, it comes out exactly at the bottom of the channel. In December 2017 it then went up and later dropped another 14% from the bottom; if I apply that to the bottom of the channel it comes out at the green line (which is a copy of the situation in 2018 by the way). The green line matches with the major ressistance in July 2019 which will become a major support.

Interesting to keep an eye on.